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1722 W CHESTNUT ST, Tampa, Florida

$159,5004 Beds2 BathsContract Pending

1722 W CHESTNUT ST, Tampa, Florida 33607
US REAL ESTATE INVESTOR SVC - MLS® ID: T2884153

Property Details

1722 W CHESTNUT ST, Tampa, Florida 33607 - Great Investment Property with the possibility 27% per year cash on cash return based on current income and up to 40% return based on projected rent increases. There are two adjoining duplexes that are being sold together. Both are side by side to each other. Combined there are 4 (ea) 2 bedroom one bath units. All have ceramic tile floors in the common areas and carpet in the bedrooms. The two duplexes are sold for $350,000 ($175,000 each) Can be sold separately. There is also the possibility to knockdown the units later and build 6 units (25' wide lots). The West River area is changing fast and so are the rents. Great rent and hold properties. Property being sold at a 27% levered (@30% down) cap rate with 4 (ea) section 8 renters in place.

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Amenities

  • Zip33607
  • CountyHillsborough
  • SQFT1659
  • Bedrooms4
  • Full baths2
  • StatusActive
  • Purchase TypeContract Pending
  • Property typeSingle Family
  • Zoning typeRM-16
  • Year built1978
  • Lot size0.16
  • WaterfrontN
  • HeatingFuel - Electric
  • Tax amount$1,693.00
  • Tax year2016
  • Office ID771626
  • Agent ID261522636
  • Agent nameOmar Garcia
  • MLS® IDT2884153

Broker: US REAL ESTATE INVESTOR SVC

Listing Courtesy of US REAL ESTATE INVESTOR SVC

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“Mary and her husband David did an excellent job of marketing my home, provided guidance on pricing to attract potential buyers, engaged an excellent photographer to show the home in its best light, and utilized web sites and channels to make the home visible to a very large segment of the buying community. Their service was consistently excellent. Their services could be enhanced by finding a better network of supporting services (like handymen, stagers, closers, etc.). But most importantly they got the job done, professionally and timely.”

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